A Stock Is Selling for $60 Per Share

Multiple Choice

A stock is selling for $60 per share.A call option with an exercise price of $65 sells for $3.31 and expires in 4 months.The risk-free rate of interest is 2.8 percent per year,compounded continuously.What is the price of a put option with the same exercise price and expiration date?

A) $5.99
B) $6.23
C) $6.47
D) $7.21
E) $8.94